• Report highlights the need to strengthen domestic resource mobilisation, improve public financial management, deepen financial markets and attract long-term private capital

The African Development Bank Group launched its 2026 Mozambique Country Focus Report, titled “Mobilising Mozambique’s Development Financing at Scale in a Fragmented World,” at an event in Maputo on 16 October 2026. The launch brought together government officials, development partners, and representatives of the private sector, financial institutions, civil society and academia.

Afdb.afdb

FILE – Left to right: João Pereira, Tibrevanne Foundation; Rômulo Cunha Corrêa, AfDB Country Manager, Mozambique; Eulália Madime, Faculty of Economics, UEM; Amílcar Tivane, Secretary of State for Budget and Treasury; Patrícia Darsan, ABSA; Flávio Soares da Gama, AfDB; and Cristiano Prado, UNDP, at the launch of the AfDB’s 2026 Mozambique Country Focus Report in Maputo, 16 October 2026, [File photo: AfDB]

The report highlights key opportunities arising from Mozambique’s natural resources, strategic regional transport corridors, and potential to mobilise more private investment. It comes at a critical time for Mozambique as the country navigates limited fiscal space, debt-service pressures, foreign exchange constraints, climate-related shocks and an uncertain global economic environment.

The Country Focus Report is the African Development Bank’s annual country-level analytical complement to the African Economic Outlook 2026. It examines Mozambique’s macroeconomic performance and outlook, identifies constraints to development financing, assesses financing gaps and proposes policy measures to strengthen the country’s capacity to mobilise public and private capital.

The government of Mozambique welcomed the report as an important contribution to the country’s policy dialogue and reaffirmed its commitment to macroeconomic stability, sustainable debt management, transparent management of public resources and more diversified and inclusive economic growth. Officials also underscored the importance of strengthening the partnership with the African Development Bank, including through concessional financing, risk-mitigation instruments and technical assistance.

Amílcar Tivane, Mozambique’s Secretary of State for Budget and Treasury, said:

“The Country Focus Report provides an important basis for dialogue on how Mozambique can mobilise the financing required to achieve sustainable and inclusive development. The government remains committed to strengthening domestic revenue mobilisation, improving public financial management and ensuring prudent debt management, while creating the conditions to attract greater private investment. We value the African Development Bank as a strategic partner in this effort and in translating Mozambique’s natural and financial resources into productive investment, jobs and opportunities for our people.”

Rômulo Cunha Corrêa, African Development Bank’s Country Manager for Mozambique, said:

“Mozambique has significant development potential, but realising it will require mobilising capital at a scale that public resources alone cannot provide. This report points to a clear path: strengthening domestic resource mobilisation, improving the efficiency of public investment and creating the conditions for private capital to play a much greater role. The African Development Bank Group remains committed to working with the Government, the private sector and development partners to turn these opportunities into investments that deliver sustainable growth, jobs and improved livelihoods for Mozambicans.”

A central message of the report is the scale of Mozambique’s development financing challenge. The country requires approximately USD 11 billion annually to meet its Sustainable Development Goals and Agenda 2063 commitments. Infrastructure alone requires approximately USD 6.4 billion annually, with an estimated financing gap of around USD 6.2 billion. Addressing these gaps will require stronger domestic resource mobilisation, improved expenditure efficiency and substantially greater private sector participation.

The report identifies three interconnected priorities for Mozambique: strengthening macroeconomic resilience and fiscal sustainability; mobilising capital at scale for accelerated and resilient growth; and strengthening the country’s financial architecture to support productive investment.

It calls for stronger tax administration and compliance through digitalisation, improved expenditure efficiency and public investment management, greater financial inclusion, stronger public-private partnership frameworks and the mobilisation of long-term capital. The report also highlights opportunities for Mozambique to leverage the Maputo, Beira and Nacala corridors and regional supply chains to attract resilient long-term private finance.

The report further emphasises the catalytic role that the African Development Bank and other multilateral development institutions can play in helping Mozambique mobilise private investment. Instruments such as guarantees, concessional finance, blended finance and co-investment structures can help reduce investment risks and crowd in private capital for strategic sectors.

Strengthening Mozambique’s financial architecture is another important component of the report’s recommendations. This includes safeguarding macro-financial stability, improving banking sector efficiency, expanding digital and inclusive finance and creating conditions to mobilise long-term capital for productive investment. It also highlights emerging opportunities through alternative financing instruments, including private equity, venture capital, diaspora financing, and fintech.

Through the Country Focus Report and its broader engagement with Mozambique, the African Development Bank Group reaffirms its commitment to supporting the country in building a more diversified, competitive and inclusive economy.